Canada Exports, Imports Plunge in July

Imports see largest monthly decline since 2009

OTTAWA—Canada’s trade deficit narrowed in July from the previous month, as exports declined steeply for a second straight month and imports fell by the most in over eight years.

Canada’s merchandise trade deficit in July came in at a seasonally adjusted 3.04 billion Canadian dollars ($2.46 billion), Statistics Canada said Wednesday, compared with a revised C$3.76 billion shortfall in the previous month.